TVB Partners with Gaw Capital to Build AI Computing Center in Hong Kong

Television Broadcasts Limited (TVB, stock code: 511) has entered into a memorandum of agreement with Gaw Capital's affiliated company Triton Square to establish a joint venture for providing advanced artificial intelligence (AI) computing power services in Hong Kong. The joint venture will develop new computing facilities within TVB's corporate campus at the Tseung Kwan O Industrial Estate, planning to deploy graphics processing units (GPUs) and central processing units (CPUs) to offer subscription-based AI computing services to external third-party customers as well as TVB group companies. The project will be implemented in phases over the coming years, with Gaw Capital injecting up to HK$2 billion in equity investment alongside project bank financing and TVB's internal resources. The first phase, designated 1A, aims to commence operations in the fourth quarter of 2027 with approximately 10,000 PetaFLOPS of computing power. TVB and Gaw Capital are also in discussions with CLP Holdings regarding power supply, and have engaged with multiple international and domestic computing equipment suppliers for GPU procurement. Additionally, the partners signed a letter of intent on July 15 with a leading global technology group for advanced computing services, with formal agreements expected in the second half of 2026.

This partnership marks a significant transformation for TVB from a traditional broadcaster into a diversified digital media company, as the media giant seeks to capitalize on rising AI adoption and content generation. The development positions Hong Kong to take a leadership role in AI-driven media content creation across the Asia-Pacific region, while creating new revenue streams for TVB through its substantial content library and computing infrastructure 12.